admin - Copperbelt Katanga Mining

Written by admin

Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu gold mines

October 24, 2022October 24, 2022 admin

Barrick Gold’s (NYSE: GOLD) (TSX: ABX) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour. Back in September 2019, Barrick inherited what Bristow called these “moribund mines” when it re-acquired Acacia Mining. After some rebuilding work, the mines breathed new life and are now set to achieve a combined production in excess of 500,000 ounces for the second year running, thus becoming tier-one assets. North Mara hit a… Read More Here

Equipment & Technology Mining technology

How to identify and address conveyor belt idler issues

October 21, 2022October 21, 2022 admin

On any belt conveyor system that moves bulk materials, the belt must run straight and true to maximize its life, minimize fugitive material and safety hazards, and achieve high system efficiency. There can be many consequences of a mis-tracking belt, but all result in higher costs and increased maintenance. Even a slight belt misalignment can lead to a variety of issues, from small annoyances to full-blown catastrophes. The most obvious effects include spillage and dust that require personnel to do clean-up, which is unproductive work that introduces risks from activities… Read More Here

Mining in DRC Governance

DRC improves extractive sector transparency but more needed – anti-graft body

October 21, 2022October 21, 2022 admin

The Democratic Republic of Congo (DRC) has made progress in implementing transparency in its extractive mining sector but needs to do more in publishing contracts and revenues from the sector, a global anti-corruption body said. The Extractive Industries Transparency Initiative (EITI), which sets a global standard for good governance in oil, gas and mineral resources, said the DRC has achieved a high overall score in the implementation of the 2019 EITI Standards. The standards include good governance, clear legal framework and fiscal regimes, and publishing of contracts and revenues. President Felix Tshisekedi has promised to tackle corruption… Read More Here

Rare Earth Minerals International

Namibia, EU reach provisional deal on rare earth minerals

October 21, 2022October 21, 2022 admin

Namibia has provisionally agreed on a deal with the European Union to sell its rare earth minerals, critical to the renewable energy sectors, mines and energy minister Tom Alweendo said on Thursday. EU and Namibian officials told Reuters in July they were planning a deal on hydrogen and minerals as the bloc works to reduce its dependence on Russian energy. “In principal we have agreed on conditions, whatever the materials, we are going to process them here,” Alweendo said about the approaches being taken to ensure the southern African country reaps… Read More Here

Gemstones International

Gemfields halts Mozambique operations after attack at nearby ruby mine

October 21, 2022October 21, 2022 admin

Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique’s Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. “This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies about 12 km south-east of the operations… in which Gemfields holds a 75% interest,” Gemfields said in a statement. Mozambique’s northern Cabo Delgado province has seen an Islamic State-linked insurgency that has claimed thousands of lives since it broke out in 2017, disrupting multibillion-dollar natural gas and mining projects. Gemfields said it… Read More Here

Mining in DRC Cobalt

Cobalt has been stabilizing around USD 51,000 per tonne for several weeks

October 20, 2022October 20, 2022 admin

The general trend in the prices of the main mining export products is upwards in this week from October 17 to 22, 2022, according to data from the National Mercurial Commission. Cobalt is up this week at $51,261.5 per ton from $51,261.00 per ton the previous week, a positive price differential of $0.5. Similarly, copper shows an upward trend this week at 7,637 USD per tonne against 7,604.30 USD per tonne last week, an increase of around 32.15 USD. Zinc is trading this week up to 3,020.50 USD per ton… Read More Here

Gold International

Gold price at 3-week low as UK inflation jumps again

October 19, 2022October 19, 2022 admin

Gold fell to the lowest in more than three weeks as UK inflation returned to double digits, intensifying pressure on the government and central bank to take additional measures. Spot gold was down 1.1% to $1,634.23 per ounce by 11:20 a.m. ET, its lowest since September 27. US gold futures dropped 1.0% to $1,639.50 per ounce in New York. Following a slight rebound earlier this week, the precious metal has now reversed course as data showed UK consumer prices in September matched a 40-year high and exceeded economists’ expectations. The figures add to pressure… Read More Here

Mining in DRC

Albert Yuma proposes four levers to be activated to innovate more sustainable investments after mining

October 19, 2022October 19, 2022 admin

The Democratic Republic of Congo (DRC) is considered a geological scandal but the minerals are exhaustible. For the National President of the Federation of Companies of Congo (DRC), Albert Yuma, “we must already think about the post-mining period”. Albert Yuma said so on Wednesday, October 18, 2022, at the opening of the Forum initiated by the FEC Chamber of Mines. Albert Yuma is of the opinion that the revised 2018 Mining Code has introduced notions of social responsibility which require that local development plans be drawn up in favor of… Read More Here

Equipment & Technology International Mining technology

Sandvik’s battery electric TH665B to lead its packed line-up for IMARC

October 19, 2022October 19, 2022 admin

Australian miners will have their first opportunity to view the world’s largest battery electric truck for underground mining in person when Sandvik’s TH665B makes its Australian debut at the International Mining and Resources Conference (IMARC) in Sydney in November. With BEVs essential to helping mining companies reduce emissions, a TH665B will take centre-stage at the Sandvik stand before it heads to Western Australia for a trial with Barminco and AngloGold Ashanti at Australia’s Sunrise Dam gold mine. The 65 t truck’s lithium-iron phosphate battery and electric driveline deliver a remarkable… Read More Here

Mining in DRC

4 years after its entry into force, revised Mining Code at the heart of exchanges between FEC and stakeholders- DRC

October 19, 2022October 19, 2022 admin

The current Mining Code of the Democratic Republic of Congo (DRC) was revised in 2018. Four years after this revision, there have been positive repercussions as many difficulties are noted by mining operators in the materialization of the Mining Code revised from 2018. This is how the Federation of Companies of Congo (FEC), through the Chamber of Mines, starts, from Tuesday October 18 to Thursday October 20, 2022, the exercise of the evaluation of this Mining Code, with the support from all stakeholders in this sector. Objective: mark the way towards… Read More Here